There are a number of things for which Naples is renowned including white sandy beaches, gourmet restaurants, beautiful weather and superb shopping. Two others are golf and real estate, and when combined they can't be beat. Most everyone is familiar with the open-to-everyone public courses as well as the very private country clubs with their pricey membership fees. Another alternative that may be lesser known is the bundled golf community. This is a golf course development where a full golf membership is included with the purchase of a home in that community. There are a number of bundled golf courses located throughout Naples and they make their presence felt in the local real estate market.
Located in the North Naples area as defined by the Naples Area Board of Realtors (NABOR) in their latest report, Stonebridge Country Club and Cypress Woods Golf and Country Club are two bundled golf communities. They had a combined 18 closings in April, 2010, including the two highest priced condos for all of Naples. Selling for $395,000 and situated in Braeburn in Stonebridge is a 3 bedroom, 2 bath, 2nd floor unit with 2,182 square feet of living space and a one car attached garage. Another Stonebridge condo, this one in Ashton Oaks, was not far behind with a closing price of $375,000 for this 2,097 square foot 1st floor unit. The highest priced single family home in North Naples sold in April in this type community was for a 2,186 square foot house with spa in Thornbrooke at Stonebridge.
Condos in bundled golf communities had a real impact in April closed sales in East Naples, accounting for over 39% of the total. The highest priced of these 18 sold properties was for a 2 bedroom, 2 bath, 2nd floor unit with 2,107 square feet of living space plus a two car attached garage which sold for $350,000 in the Wedgewood section of Vanderbilt Country Club. Other developments in this area include Forest Glen and the new Heritage Bay, where a four bedroom, three bath, 2,800 square foot single family home with pool and spa and a three car attached garage sold for $526,000.
April condo sales in bundled golf developments in South Naples were also strong making up 26.8% of the total market. Located in Juliana Village at Naples Lakes Country Club, a 2,531 square foot 2nd floor property closed for $365,000, the highest for the area. Naples Lakes Country Club, which features an Arnold Palmer Signature ...click here for more information.
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